Deutsche Bank

Ghana National Cocoa Board (Cocobod) has completed the early bird senior phase of its annual loan syndication with a strong oversubscription, said bankers involved in the deal.

El Salvador-based lender Banco Agrícola will begin a roadshow on Friday ahead of a potential international bond market debut.

The Gabonese Republic has picked banks for a dollar benchmark deal and starts a roadshow on Thursday.

Deutsche Bank has poached a managing director from Bank of America Merrill Lynch to co-head its corporate broking team.

Korea Development Bank is looking to make an opportunistic exit from Kumho Petrochemical, launching a W338.2bn ($306m) block on Wednesday evening after the company’s stock rose by 3.25%.

China Three Gorges Corp (CTG) has opened books for what will be its first outing to the international bond market, marketing a dual tranche offering in dollars and euros on June 3. Joining CTG in the market is Beijing Construction Engineering Group (BCEG), which started taking bids for its debut dollar bond.

The Asian bond market woke up to a slew of new issuance on June 3 with six deals all vying for investor attention. And in the midst of the action is Indian telecommunications giant Bharti Airtel, which is enticing bids for a new 10 year dollar offering.

Sivantos, the renamed spinoff of Siemens Audiology Solutions, has launched a repricing of a €785m leveraged loan backing its buyout by EQT, which closed last December.

Innocean Worldwide Inc, the advertising arm of South Korea’s Hyundai Group, has started the ball rolling on its IPO, testing investor demand for a $300m deal on Tuesday.

No one saw this one coming. Petrobras, whose bonds just two months ago were trading at almost distressed levels, joined an elite club of century bond issuers on Monday, and attracted $13bn of orders in the process.

Hindustan Petroleum Corp’s (HPCL) $400m 39 month facility has been allocated, with seven lenders joining in general syndication. When the loan was launched, market participants saw it as a litmus test for retail demand for three year state owned Indian assets. While the deal got past the finish line, bankers on the loan said the response was tepid.

Europcar began premarketing its IPO on Monday, seeking to raise €475m of primary proceeds to cut a €2.2bn debt load, as well as some secondary proceeds to be decided later.